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Rabobank reports that Chinese meat processors and food-service operators are turning to imported pork and other proteins such as chicken as African swine fever continues to constrain domestic supply. Chicken breast prices in China are reported up 44%.
Substitution demand from ASF-driven pork shortages is lifting chicken prices in China, supporting global poultry and feed demand and reinforcing bullish sentiment for protein feed inputs.
asian-agribiz.comConny PereiraJun 25, 2019Not enough comparable past events yet for a historical read.
After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
